Quick Thoughts on Unity’s 62% Year-to-Date Plunge
@Tiger_James Ooi:
Unity $Unity Software Inc.(U)$ stock has dropped 62% year-to-date. It is now trading at $15.54, which is 92% lower than its all-time high of $201.12. Unity damaged its own reputation last year, and the slower top-line revenue growth suggests it could take longer than expected to recover. Unity’s new pricing policy, implemented in October 2023, has drawn significant criticism. Revenue has slowly declined to $449M in Q2 2024 from $533M in Q2 2023, indicating a year-over-year decline of 15.8%. However, Unity might be making the right move now by focusing on reducing its operating losses. Its operating losses have been gradually reduced. The last five quarterly losses were -$129M (Q2 2024), -$374M (Q1 2024), -$259M (Q4 2023), -$127M (Q3 2023), and -$195M